B&G Foods Inc (BGS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 781,444 | 802,824 | 1,018,820 | 834,456 | 737,301 |
| Total current liabilities | US$ in thousands | 236,865 | 262,418 | 271,534 | 244,287 | 245,652 |
| Current ratio | 3.30 | 3.06 | 3.75 | 3.42 | 3.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $781,444K ÷ $236,865K
= 3.30
The current ratio of B&G Foods Inc, a food company, has shown a relatively stable trend over the past five years. Starting at 3.00 on December 31, 2020, the ratio increased to 3.42 by December 31, 2021, indicating an improvement in the company's short-term liquidity position. The ratio further improved to 3.75 on December 31, 2022, showing the company's ability to meet its short-term obligations comfortably.
However, there was a slight decrease in the current ratio to 3.06 on December 31, 2023, which may suggest a temporary strain on B&G Foods' liquidity position during that period. Nonetheless, the ratio rebounded to 3.30 by December 31, 2024, indicating a recovery and strengthening of the company's ability to cover its current liabilities with its current assets.
Overall, B&G Foods Inc has maintained a healthy current ratio above 2.0 across the five-year period, reflecting a strong liquidity position and the company's ability to meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024